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Business

November, 2022

  • 9 November

    Many die As Explosion Rocks Onitsha Market

    Many were feared Dead, and scores Injured As Explosion Rocks Onitsha Market on Tuesday. Four persons are feared to have died, while 12 others sustained varying degrees of injuries, following an explosion at the Onitsha Chemical Market. According to reports, multiple establishments and about N850 million worth of property were damaged. According to reports, the incident, which happened at 12:45 ...

  • 9 November

    Crypto: Binance now accepts deposits and withdrawals in Naira

    The World’s largest crypto exchange platform, Binance, announced on Monday, November 7, 2023, that withdrawals and deposits are now permitted in naira. Crypto traders from Nigeria can now deposit and withdraw their cryptos in the local currency from their Binance Wallets. The addition of the gateway will reduce the hassles faced by investors from Nigeria as they trade on the ...

  • 9 November

    UBA opens Saturdays for naira notes deposit

    The United Bank for Africa (UBA) has opted to open on Saturdays to enable customers to deposit their existing naira notes pending the circulation of new ones in December 2022. This Central Bank of Nigeria (CBN) announced the redesign of naira notes on Wednesday, stating that the new notes will come into circulation on December 15. As a result, UBA ...

  • 9 November

    Polaris Bank’s VULTe wins double as ‘Nigeria’s Best Digital Bank’

    Polaris Bank shone brightest over the weekend as its bespoke home-grown digital bank, VULTe capped its string of wins with two more prestigious awards as the Best Digital Bank at both BusinessDAY’s Banks And Other Financial Institutions (BAFI) Awards and The Nigerian Fintech Awards 2022 respectively. VULTe, is a digital bank solution designed to enable customers consummate every banking transaction, ...

  • 8 November

    Union Bank Wins Global Finance Award for Best SME Bank in Nigeria

    Union Bank of Nigeria ‘Union Bank’ has been named as the Best Small and Medium Enterprises (SME) bank in Nigeria by Global Finance – a leading financial international publication, in its second annual 2023 SME Bank Awards.Global Finance seeks to help corporate leaders, bankers, and investors chart the course of global business & finance and has become a trusted standard ...

  • 8 November

    Firstbank Group Head, marketing excited with Polo Tournament support

    Folake Ani-Mumuney, Group Head, Marketing & Corporate Communications, FirstBank has said “we are proud to have been associated with the African Patrons Cup Polo Tournament for many years, an event that truly captures the spirit of Sport which plays a crucial role to the socio-economic development of the society. We commend Fifth Chukker Polo and Country Club for the Breast ...

  • 8 November

    Zenith Bank posts N174.33bn net profit in third quarter 2022

    Zenith Bank Plc, arguably Nigeria’s leading bank, improved its shareholders’ fortunes in the third quarter financial period ended September 30, 2022. The bank grew its profit after tax by 8.6 percent to N174.33 billion, on account of a 46.8 percent year on year increase in income tax expense. Profit before tax advanced by 12.6 percent y/y to N202.55 billion. Impressively, ...

  • 8 November

    GTCO Plc Releases 2022 Q3 Unaudited Results

    Guaranty Trust Holding Company Plc (“GTCO” or the “Group”) has released its Unaudited Consolidated and Separate Financial Statements for the period ended September 30, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of ₦169.7billion, representing an increase of 11.7% over ₦151.9billion recorded in the corresponding period ended September 2021. The ...

October, 2022

  • 27 October

    Knocks on CBN over plan to redesign N200, N500 & N1,000 Notes

    The Central Bank of Nigeria has announced that the N200, N500 and N1,000 Naira notes would be re-designed and circulated in December. The CBN Governor made this announcement on Wednesday, during a press briefing in Abuja. Some Nigerians on Twitter reacted to this new development with most of them saying the Naira notes re-design shouldn’t the priority for Nigeria. A ...

  • 27 October

    Over 100 customers become millionaires via N1b Dangote Promo

    More customers are reaping the reward of their loyalty and patronage of Dangote Cement in Nigeria as the company made over 100 of them instant millionaires across the country in a single day. This was in the ongoing Dangote Cement Plc Bag of Goodies Consumer Promo Season 3 that took place on Wednesday. The presentation of cheques and other laudable ...